Delayering
If the latest quarter OpEx jumped to 550m, that means about 2Bn annual OpEx, Which means that 900 heads that will save 100m annually are a significant portion of the workforce.
Why would you wait until the end of year/quarter figures to realize you have inefficiency on such large scale?
Which makes me believe it's just a purge to satisfy investors and senior management.
Which makes me believe the "delayering" will involve mainly the removal of the lowest layer personnel, leaving all of the incompetent middle and higher management intact.
Biting the hand that feeds IT
